Indian Oil Corporation Ltd (IOCL), one of India’s largest auto fuel retailer, is undergoing a strategic transformation aimed at reshaping the company into a nimble, future-ready, and innovation-driven energy powerhouse. The ambitious shift is anchored in its newly launched initiative, ‘Project SPRINT’, which spans three years (2025–2028) and reflects IOCL’s commitment to sustainability, operational agility, and technological advancement.
A Stakeholder-Led Journey
Chairman AS Sahney said, “This is a journey we are planning to undertake with all our stakeholders. It’s time to change, adapt, and SPRINT toward a stronger tomorrow.” Project SPRINT, conceptualised and led by Sahney, is designed to revamp every business vertical across IOCL’s operations — from refining and petrochemicals to retail fuel marketing and innovation hubs.
What SPRINT Stands For
Each letter in the acronym SPRINT captures a strategic pillar of IOCL’s transformation agenda:
S – Strengthening Core Businesses
Sahney highlighted that the foundation of IndianOil lies in its traditional strengths — refining, pipelines, marketing, and petroleum products. “We must boost efficiency, returns, and profitability in these segments. Timely project completion and reinvestment into our core will be key to sustaining momentum,” he stated.
P – Propelling Cost Optimisation
Cost control is crucial. By focusing on operational efficiencies and reducing expenses, IOCL aims to directly enhance its bottom line. “Every rupee saved strengthens our ability to compete and invest,” Sahney added.
R – Reinforcing Customer Centricity
Customer satisfaction remains central to the company’s future. “We’re a customer-first organisation. Our plans and strategies will continue to revolve around delivering better service, value, and convenience to every stakeholder,” he noted.
I – Integrating Technology and Innovation
From AI and machine learning to cybersecurity and supply chain automation, IOCL plans to embed cutting-edge technologies across all functions. “Technology and innovation will define our ability to scale efficiently and safely,” said Sahney.
N – Nurturing Leadership and Talent
As IOCL diversifies into new areas, it will need a pipeline of capable, future-ready leaders. “We’re investing in our people to lead tomorrow’s businesses. He emphasized that we cannot negotiate on developing leadership and nurturing talent for our success.
T – Transitioning to Sustainable Energy
Sustainability is at the heart of IOCL’s long-term vision. The company is actively preparing for a greener future through clean energy investments and environmentally responsible business practices. “We must be ready for the energy transition — it’s the way forward,” Sahney concluded.
A Commitment to the Future
“This SPRINT is not just an acronym — it is a mission. A serious journey for the next 2–3 years that we’re undertaking together with our partners, employees, and customers,” Sahney affirmed. As reported by thehindubusinessline.com, with Project SPRINT, IndianOil is signaling a bold new chapter — one that aligns agility with ambition and innovation with impact.
